PLEASE PAY ATTENTION! Get off the fence. Quit waiting. I’ve been telling you that the Denver area real estate market is not the doom and gloom market the press is bellowing about. The “cranes” are everywhere and we are not talking birds.  Enterprise and commerce create jobs. Big box developments featuring top name tenants are quickly replacing old style shopping centers or once vacant acreage.

Denver Colorado ranks as the 6th BEST residential real estate market (single family homes) according to the Standard and Poor’s Cas-Shiller Home Price idices released data for February 2008. Rankings for the 20-city composite recorded an annual decline of 12.7% while Denver recorded an annual decline of only 5.5%.

Las Vegas, again the weakest market posting a 22.8% decline followed by Miami with a 21.7% decline. San Francisco, Las Vegas and Los Angeles were the worst performers in the west!

Charlotte with a 1.5% increase in home prices was followed by Portland Oregon and Seattle, leading the composite as best markets.

More good news. Read the rest of this entry »